Wage payment means that after the enterprise and institution sign the entrustment agreement with the bank, the banking system will manage it.
1. Automatically transfer wages to financial services in pre-set employee savings cards in batches. In contrast, a transfer refers to the transfer of a certain amount of money from one account to another through a bank, which can be a transfer between individual accounts or one of the ways in which a company pays wages to employees.
There are the following differences between paying wages and transferring money:
1.Financial Intermediary Services:Payroll payment is a financial intermediary service, the enterprise will entrust the bank to pay the salary on behalf of the company, and the transfer is the enterprise directly remitting the salary to the employee's personal account.
2.Handling fee payment:Enterprises need to pay a certain fee to the bank to use the payroll service, while there is no additional fee for the transfer operation.
3.Turnover Records:The transaction type in the flow record of the bank's salary payment is salary payment, and the purpose is also salary, which can be used as a proof of repayment ability; The transaction type of transfer is transfer, which does not have the same role as proof of repayment ability.
The advantages of payroll include:
Benefits for businesses:
1.Time-saving: The bank pays the salary on behalf of the company, and the financial staff of the unit can save the time of going to the bank to withdraw cash.
2.Improve efficiency: Through the payment of wages, centralized and unified batch payment of wages can be realized, and the efficiency of wage payment can be improved.
3.Conducive to loan approval: Salary payment will improve the credit of the enterprise and facilitate loan approval.
Benefits for Employees:
1.Ensure that wages are accurately received: Employees do not have to worry about underpaying wages or receiving counterfeit bills.
2.Proof of repayment ability: Through the payment of wages by the bank, the repayment ability of the individual can be proved by the flow of money, which is conducive to the acquisition of credit lines such as loans.
As for the fee standard for payment of wages, there may be differences between different banks. Taking Bank of Shenzhen as an example, ICBC charges a handling fee of 2 yuan for intra-city payroll, China Merchants Bank charges 1 yuan for each same-city payroll, and China Construction Bank charges different handling fees according to manual declaration and batch issuance. Other banks' fees may also vary and are generally based on the bank's policies and agreements.
In addition, the expenses that individuals or enterprises may need to pay for salary payment through human resources agencies also include actual wages received, payment of individual income taxes and taxes (less than 5,000 yuan are not required), and service fees. These fees are closely related to the individual's welfare rights, credit history, and loan amount. February** Dynamic Incentive Program